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DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:33:46                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              117/Hutchinson                                        VRSN: W
                                                        117-907/Spring Creek ISD

____________________________________________________________________________________________________________________________________

                                        LOCAL TAX             2005 WTD                     2005 PTD                2005 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________

A.  SINGLE-FAMILY RESIDENCES              689,070                   **                      689,070                   689,070

B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0

C.  VACANT LOTS                            16,690                   **                       16,690                    16,690

D.  RURAL REAL(TAXABLE)                 5,001,660                .7249                    6,899,699                 5,001,660

F1. COMMERCIAL REAL                       164,410                   **                      164,410                   164,410

F2. INDUSTRIAL REAL                             0                   **                            0                         0

G.  OIL,GAS,MINERALS                   15,272,770               1.0576                   14,440,970                15,272,770

J.  UTILITIES                           5,888,600                .9227                    6,381,923                 5,888,600

L1. COMMERCIAL PERSONAL                   493,830               1.0000                      493,830                   493,830

L2. INDUSTRIAL PERSONAL                         0                   **                            0                         0

M.  MOBILE HOMES                           92,310                   **                       92,310                    92,310

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                               27,619,340                                        29,178,902                27,619,340

LESS TOTAL DEDUCTIONS                     577,097                                           577,097                   577,097
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    27,042,243                                        28,601,805                27,042,243 T2*

                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

                   LOCAL REPORTED       PTD ESTIMATE                                 LOCAL TAX ROLL          RATIO         PTD VALUE
                   ______________       ____________                                 ______________                      ___________

HOMESTEAD & VETS          518,750            518,750    MKT VALUE NON-QUAL

CAP VALUE LOSS                  0                  0    ACRES & FRM/RNCH IMPRV            2,076,380          .6248         3,323,271

OVER 65 FREZ LOSS          58,347             58,347    PROD VAL QUAL ACRES               2,925,280          .8179         3,576,428

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS          577,097            577,097    TOTAL TAXABLE VALUE               5,001,660                        6,899,699
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:33:46                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              117/Hutchinson                                        VRSN: W
                                                        117-907/Spring Creek ISD

____________________________________________________________________________________________________________________________________

SB4, PASSED BY THE 1999 LEGISLATURE, REQUIRES THE COMPTROLLER TO CERTIFY ALTERNATIVE MEASURES OF SCHOOL DISTRICT
WEALTH (T1, T3 AND T4) IN ADDITION TO THE TRADITIONAL MEASURE (T2).  QUESTIONS ABOUT THE EXTENT TO WHICH ANY OF
THESE WEALTH MEASURES AFFECT SCHOOL FUNDING SHOULD BE DIRECTED TO THE DIVISION OF STATE FUNDING AT  THE TEXAS
EDUCATION AGENCY, TELEPHONE #512-463-9238


                          LOSS TO                                 50% OF THE LOSS
                      THE ADDITIONAL                           TO THE LOCAL OPTIONAL
                     $10,000 HOMESTEAD                          PERCENTAGE HOMESTEAD
        T1                EXEMPTION               T2                 EXEMPTION                T3                     T4
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
       27,320,263                278,020        27,042,243                  89,900           27,230,363             26,952,343

T1 = SCHOOL DISTRICT TAXABLE VALUE BEFORE THE LOSS TO THE ADDITIONAL $10,000 HOMESTEAD EXEMPTION
T2 = SCHOOL DISTRICT TAXABLE VALUE AFTER THE LOSS TO THE ADDITIONAL $10,000 HOMESTEAD EXEMPTION
T3 = T1 MINUS 50% OF THE LOSS TO THE LOCAL OPTIONAL PERCENTAGE HOMESTEAD EXEMPTION
T4 = T2 MINUS 50% OF THE LOSS TO THE LOCAL OPTIONAL PERCENTAGE HOMESTEAD EXEMPTION


THE PVS FOUND YOUR TAXABLE VALUE TO BE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN
YEAR ONE/TWO OF A GRACE PERIOD.

                                                      **** END  OF  REPORT ****